About Our Firm
Absher Wealth Management, LLC (“Absher Wealth Management”) is a fee-only registered
investment adviser that provides investment management and financial advisory services to individual
investors to help them achieve their financial needs and goals. Founded in 2019, the firm is owned by
Mike Absher.
Our firm takes pride in providing personalized service to our clients and acknowledges that it is held
to a fiduciary standard of care.
Types of Advisory Services We Offer
Absher Wealth Management offers portfolio management and wealth management services, as well
as financial planning and consulting, to individuals, high net worth individuals, trusts, businesses and
corporations. We work with our clients to determine their investment objectives and risk profile and
develop a customized investment plan based on their individual needs and goals. Absher Wealth
Management will utilize the financial information provided by the client to analyze and develop
strategies and solutions to assist the client in meeting their financial goals.
Prior to Absher Wealth Management rendering any of the foregoing services, clients are required to
enter into one or more written advisory agreements with Absher Wealth Management setting forth
the relevant terms and conditions of the advisory relationship.
Portfolio and Wealth Management Services
Absher Wealth Management manages our clients’ portfolios on a discretionary and, in limited
circumstances, non-discretionary basis. Our portfolio and wealth management services are tailored to
the needs of our clients and are based on a comprehensive understanding of each client’s current
situation, past experiences, and future goals. With this acquired knowledge we create, analyze,
strategize, and implement goal-oriented investment solutions. These solutions become our clients’
investment policy. This policy and our matched strategies are designed to be risk appropriate, cost
effective and tax efficient.
Our wealth management services generally include a broad range of comprehensive financial planning
and/or consulting services, as well as discretionary or, in limited circumstances, non-discretionary
management of investment portfolios.
Client assets are generally allocated among individual equity and debt securities in accordance with
the client's stated investment objective and risk/volatility parameters. Where appropriate, Absher
Wealth Management may also provide advice about many types of legacy positions or other
investments held in client portfolios. Clients may also engage Absher Wealth Management to manage
and/or advise on certain investment products that are not maintained at their primary custodian, such
as variable life insurance and annuity contracts (to the extent permissible without an insurance license)
and assets held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In
these situations, Absher Wealth Management will direct or make recommendations on a non-
discretionary basis for the allocation of client assets among the various investment options available
with the product. These assets are generally maintained at the underwriting insurance company or
custodian for the plan trustee or administrator and clients retain responsibility for effecting trades in
these accounts.
Clients may also retain Absher Wealth Management to provide advisory services for their retirement
plan account. When providing these services, the firm acts as an ERISA 3(21) fiduciary and is required
to act under the standard of care in ERISA that is generally a higher standard than imposed on our
firm under the Investment Advisers Act of 1940. Advisory services available to plan participants
include:
• Non-discretionary investment advice
• Asset allocation models
• Strategic investment allocations
• Investment performance reporting
Absher Wealth Management consults with clients on an initial and ongoing basis to assess their
specific risk tolerance, time horizon, liquidity constraints and other related factors relevant to the
management of their portfolios. You should promptly notify us if there are changes in your financial
situation or if you wish to place any limitations on the management of your account. You may impose
reasonable restrictions or mandates on the management of your account if Absher Wealth
Management determines, in our sole discretion, the conditions would not materially impact the
performance of a management strategy or prove overly burdensome to the firm's management efforts.
Financial Planning and Consulting Services
Absher Wealth Management offers different levels of financial planning and consulting services to
help our clients identify, prioritize and work towards their goals and objectives. Our consulting
services give our clients the ability to receive a broad range of financial advice and services, including
specific security recommendations, for the duration of the advisory agreement.
Our process starts with an extensive review of a client's family situation, which includes assets and
liabilities as well as estate, tax, and insurance needs. We then employ a risk tolerance and risk capacity-
focused simulation to get a detailed cash flow analysis and proposed asset allocation. Together, this
information is analyzed to develop a proposed financial plan, which is designed to be dynamic in
nature, ever-evolving due to life changes, along with changes in cash flow needs, risk tolerance, time
horizon, or investment objectives.
Absher Wealth Management’s financial planning and consulting services may include any or all of
the following topics:
• Cash Flow Analysis: Planning around one-time expenses, as well as ongoing distribution
needs and savings goals.
• Financial Record Organizing: Guidance with organizing important financial records so you
know what to keep.
• Estate Planning: Analyzing and suggesting wealth transfer strategies to meet your objectives,
as well as reviewing beneficiary designations and proper account titling.
• Charitable Giving: Discussing your desired social impact, exploring tax-appropriate vehicles
to accomplish your philanthropic objectives, and determining which assets to use for giving.
• Education Planning: Reviewing 529 plans and general assistance in preparing to meet
dependents’ continuing educational needs.
• Business Planning: Advice on how to structure an entity, reviewing cash flow expectations,
strategies for using debt effectively, succession and transition planning, and assistance with
office space decisions.
• Concentrated Stock: Managing the risk of owning highly appreciated investments, as well as
decisions concerning equity compensation offered through an employer.
• Federal Benefits & Health Care: Optimization of Social Security, Medicare and other Federal
Benefits, as well as navigating health care decisions before Medicare.
• Death & Disability: Evaluating cash needs at death, income needs of surviving dependents,
and disability income.
• Divorce Planning: Assisting with financial issues and decisions that couples face when going
through a divorce.
• Liability Management: Guidance on using debt productively and paying off strategically.
• Investment Consulting: Analyzing investment allocations, possible alternatives to consider,
and their effect on your portfolio.
• Tax Planning: Reviewing tax returns and proposing options for reducing tax liability.
• Insurance Review: Analyzing current insurance coverage and, where appropriate,
recommending strategies to mitigate risks.
• Family Governance: Coordinating family meetings, formulating mission statements, helping
identify the purpose for the wealth, and reviewing how future generations might preserve and
continue the legacy.
• Retirement Plan Consulting and Employee Benefits Analysis
While each of these services is available on a stand-alone basis, certain of them may also be rendered
in conjunction with investment portfolio management services, as part of a comprehensive wealth
management engagement. In performing these services, Absher Wealth Management is not required
to verify any information received from the client or from the client's other professionals (e.g.,
attorneys, accountants, etc.), and is expressly authorized to rely on such information. Absher Wealth
Management may recommend clients engage the firm for additional related services, or we may
recommend other professionals to implement our recommendations. These additional services by
Absher Wealth Management or another professional are provided at an additional cost to you, which
is based on the nature, extent, complexity, and other characteristics of the services. This creates a
conflict of interest because the firm will have an incentive to recommend additional services based on
the compensation to be received, rather than solely based on your needs, and in some cases, based on
the prospect of cross-referrals of advisory clients from the other professional or his or her firm.
Implementation of financial planning recommendations is entirely at your discretion. You have
complete freedom in selecting a financial adviser to assist you with implementing the
recommendations made in your financial plan and are under no obligation to act on the advice of
Absher Wealth Management. Financial planning recommendations are of a generic nature and are
not limited to any specific product or service offered by a broker dealer or insurance company. Should
you choose to implement the recommendations contained in the plan, Absher Wealth Management
suggests you work closely with your attorney, accountant and/or insurance agent.
Absher Wealth Management will act solely in its capacity as a registered investment adviser and does
not provide any legal, accounting or tax advice. You should seek the counsel of a qualified accountant
and/or attorney when necessary. As part of our advisory services, we may assist clients with tax
harvesting and will work with the client’s tax specialist to answer any questions related to the client’s
portfolio.
Portfolio Management Services for Wrap Fee Program
Absher Wealth Management offers portfolio management services through the Absher Portfolio
Management program. A bundled or “wrap fee” program is an advisory fee program under which you
pay one bundled fee to compensate Absher Wealth Management for portfolio management and trade
execution. A wrap fee program may not be the lowest cost option if you would like to restrict your
investments to open-end mutual funds or other long-term investment products.
Amount of Assets We Manage
As of December 31, 2023, Absher Wealth Management managed approximately $871,628,719 on a
discretionary basis and $72,714,030 on a non-discretionary basis. Discretionary assets under
management are those for which we have an ongoing responsibility to select and make securities
recommendations that are in line with your financial needs and objectives and then effect those
securities transactions without first consulting you. Non-discretionary assets under management are
those for which we have an ongoing responsibility to select and make securities recommendations that
are in line with your financial needs and objectives and then effect those securities transactions only
after consulting with you to inform you of the transaction(s) and obtaining your approval to move
forward.